MicroCloud Hologram Inc. Enters Convertible Note Agreements
Ticker: HOLOW · Form: 6-K · Filed: Aug 15, 2024 · CIK: 1841209
Sentiment: neutral
Topics: financing, debt
TL;DR
MicroCloud Hologram Inc. just signed deals for convertible notes with investors on Aug 12, 2024.
AI Summary
On August 12, 2024, MicroCloud Hologram Inc. entered into Convertible Note Purchase Agreements (CNPA) with certain investors. The filing does not specify the dollar amounts involved in these agreements.
Why It Matters
This filing indicates MicroCloud Hologram Inc. is raising capital through convertible notes, which could impact its future share structure and financial obligations.
Risk Assessment
Risk Level: medium — Entering into convertible note agreements can introduce financial obligations and potential dilution for existing shareholders.
Key Players & Entities
- MicroCloud Hologram Inc. (company) — Registrant
- August 12, 2024 (date) — Date of Convertible Note Purchase Agreements
- Convertible Note Purchase Agreements (agreement) — Material Definitive Agreement
FAQ
What is the total principal amount of the convertible notes purchased under the CNPA?
The filing does not specify the total principal amount of the convertible notes purchased under the CNPA.
Who are the investors that entered into the Convertible Note Purchase Agreements?
The filing refers to 'certain investors' but does not name them specifically.
What is the interest rate on the convertible notes?
The filing does not disclose the interest rate on the convertible notes.
What is the conversion price or conversion ratio for these convertible notes?
The filing does not provide details on the conversion price or ratio for the convertible notes.
When do these convertible notes mature?
The maturity date for the convertible notes is not mentioned in this filing.
Filing Stats: 1,067 words · 4 min read · ~4 pages · Grade level 16.4 · Accepted 2024-08-14 20:00:10
Key Financial Figures
- $30,000,000 — the aggregate principal amount of up to $30,000,000 and at an aggregate purchase price of u
- $27,600,000 — at an aggregate purchase price of up to $27,600,000 in a transaction exempt from registrati
- $18,000,000 — tes in an aggregate principal amount of $18,000,000. Investors may elect to purchase additi
Filing Documents
- microcloud_6k.htm (6-K) — 25KB
- microcloud_ex99-1.htm (EX-99.1) — 55KB
- microcloud_ex99-2.htm (EX-99.2) — 36KB
- microcloud_ex99-3.htm (EX-99.3) — 65KB
- microcloud_ex99-4.htm (EX-99.4) — 12KB
- 0001829126-24-005538.txt ( ) — 194KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: August 14, 2024 MicroCloud Hologram Inc. By: /s/ Guohui Kang Name: Guohui Kang Title: Chief Executive Officer 3